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Common stock value - Variable growth Lawrence Industries' most recent annual dividend was $2.13 per share (Do=$2.13), and the firm's required return is 14%. Find
Common stock value - Variable growth
Lawrence Industries' most recent annual dividend was $2.13 per share (Do=$2.13), and the firm's required return is 14%. Find the market value of Lawrence's shares when dividends are expected to grow at 30% annually for 3 years, followed by a 7% constant annual growth rate in years 4 to infinity.
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